News
Opening doors to innovation
Published: 17 January 2017
Chemical companies are increasingly using specialist investment arms to nurture new ideas
...BASF Venture Capital聽was set up in 2001 and has 鈧�175 million to invest. So far, it has backed 35 start-ups, mostly with direct investments of 鈧�1鈥�6 million. Active since 2012, Evonik has made 13 investments and plans to invest 鈧�100 million in total. 鈥楾here is a realisation that the only way to win is through innovation. And more industries are becoming more competitively intense,鈥� says聽Corey Phelps, professor of strategy and organisation at 黑料不打烊 University in Montreal, Canada. A wave of CVCs among all industries, led by the technology sector, began building around 2005.
Read full article: , January 17, 2017聽